LYNN Y SUPPORT INC (EIN 820966815) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

KATHLEEN WALSH

Phone

9787753701

Tax Period

2024-01-01 to 2024-11-21

LYNN Y SUPPORT INC, founded in 2017, is a small nonprofit that reported $713K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 63% operating deficit.

Mission

LYNN Y SUPPORT, INC. WAS FORMED BY YOUNG MEN'S CHRISTIAN ASSOCIATION OF METRO NORTH, INC. IN 2017 AS PART OF A FINANCING STRUCTURED UNDER THE FEDERAL NEW MARKET TAX CREDIT PROGRAM TO REHABILITATE, CONSTRUCT AND EXPAND THE YMCA LOCATED IN LYNN, MA. THE ORGANIZATION'S MAIN OBJECTIVES ARE TO SUPPORT THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF METRO NORTH, INC. AND DEVELOP, INITIATE, AND OPERATE PROJECTS THAT ARE CONSISTENT WITH COMMUNITY NEEDS IN THE GREATER LYNN AREA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $115

Other Revenue $713,218

TOTAL REVENUE $713,333

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,162,068

Other Expenses $1,162,068

TOTAL EXPENSES $1,162,068

Year-over-Year Comparison

	2024	2023	Change
Revenue	$713,333	$975,434	-0.3%
Expenses	$1,162,068	$988,329	+0.2%
Net Income	$-448,735	$-12,895	+33.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$614,312

Total Directors

$614,312

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE MACDONALD	DIRECTOR	2.00	Director	$0	$0	$0
DAN CLASBY	TREASURER	2.00	Officer Director	$0	$0	$0
LISABETH LAFONTAINE	CLERK	2.00	Officer Director	$0	$277	$2,584
STEVE HENDRICKSON	DIRECTOR	2.00	Director	$0	$0	$0
MARY SARRIS	DIRECTOR	2.00	Director	$0	$0	$0
KATHLEEN WALSH	PRESIDENT	2.00	Officer Director	$0	$42,157	$382,256
LISA FERRARO	DIRECTOR	2.00	Officer Director	$0	$34,332	$229,472

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$713,333	$1,162,068	No data	$-448,735
2023	$975,434	$988,329	$26,796,232	$-12,895
2022	$1,239,569	$1,011,542	$27,510,332	$228,027
2021	$679,018	$690,866	$28,224,004	$-11,848
2020	$67,088	$12,919	$29,387,797	$54,169
2019	$228,030	$12,849	$27,085,437	$215,181
2018	$160,036	$12,844	$25,812,946	$147,192

LYNN Y SUPPORT INC